What a last three weeks in forex market ! Really has been amazing so far. I never had consecutive winning in a row like this. I’m now looking into potential of ending this month with some profit in the bank. It’s been a while since i had a positive month. Now here is the thing, in the past once i had a winning week i would think THATS IT , i nailed it. I’m a pro forex trader now. I would start dreaming about my future. I would check out the new BMW or Benz on web etc. But the next thing i know the market would crush me the…

If you cannot afford to lose the money you are investing, i can guarantee that you will never success in Forex. Scared money never wins. You will be always thinking about money. If you are planning to invest with your retired money or your daddy’s money, take my advice and come out NOW. As i have mentioned in my previous post, i have been working a lot with psychology. I have finally come to realize, my problem is in mindset. Nowhere else. I have a winning strategy. Execution of my plan is almost perfect. Everything looks ok on paper but why I’m still not consistently profiting ? Only reason that…

We’ve seen a quiet start to the week with many markets closed for public holidays, including the UK, China, Singapore and Japan. I was not expecting much of a volatility but today was terrible. We had ISM report, that was the only big news of the day. Also ECB President Draghi spoken but it did not trigger the market. My earning got very sorry looking chart today. I think i’m minus 100 pips today. I have taken almost 14 trades and none of them were a winner. currently i have EurJpy running from a pullback and i’m hoping it would run up to least 50 pips to offset my losses. At…

Today was big news day. Numbers from Core durable goods order, then BOC gov speech and CB consumer from the US. Then add the quarterly income of the big tech companies in the NY stock which supposed to drive the market crazy. But that did not happen as much as i was expecting. Sure there was some movement pre NY session and lot of day trader pip hunted during those hours. But i was not one of them unfortunately. I was really thinking the market would move up opening NY stock. Here is the thing i heard over and over. DO NOT predict the market. Act the way it is.…

Monday is mostly like this. Slow and steady but now at the time of blogging we are approaching London close but i see no follow through till now. Most of the pairs were in Range at the starting of NY open. So probably i’ll close with the few pips i earned today. Only taken two trades before the market opened with eurusd and cadjpy. Both winners but with small profit. Happy that at least it is not a loss. As you can see from the pic, this trade is still running and my target is high up at 1.1300. If that happens i would earn +55 pips. Not bad with…

oh boy ! what a move ! albeit on the wrong direction. 15 minutes before the New York session, i took LONG pullback on GBPUSD and GBPJPY hoping it would go up. At least that’s what i read from the price action. Since i take trades with small stop loss, i would retake the trade from a below level in case i get stopped out. In split of seconds all my 4 trades were taken out and i was -42 pips early NY session. This is what it looked like in most of the pairs. I took my long positions on the yellow line but it quickly wiped out. These…

Some late swing with CAD pairs after New York session. It started quite slow but now picked up pace. At the moment of writing this, oil price hitting 43.18$ and continue to go up. Which is perhaps behind massive CAD moves. I was mentally prepared to close the shop with break even but then this happened. I actually read the pair as in range. however, since nothing was moving early NY session so i thought i want to take a chance. so i took a market order from a good area with 12 pips stop loss as you can see from above picture (Here i changed my stop loss to…

Today is a big day in terms of fundamental news. News started 1 hour before the New York session USD building permit. Also lined up with RBA , BOE, BOC bank governors speaking in public which tends to move the currency market a lot. At the time of writing this blog, i honestly did not see big movement although it was enough to bank some pips. I was wary of the news hence i didn’t take lot of good positions. Some other days it could have saved me from going loss but today i’m ending my session with a small profit. But i do learn almost everyday. It was USD…

welcome to my blog post. Today is my first entry. I planned to be regularly updating my blog. I shall be recording my Forex journey and share with you guys. well today at New York session was good. Usually Mondays are dead. But i learned not to predict and be there always. Lot of movements especially with YEN pairs. I was expecting CAD move at NY session as the big oil guys had meeting this Sunday without any settlement. Oil price also dropped a lot which usually drives CAD pairs. We started trading with a gap so i was expecting a gap filling. however, that happened with YEN pairs. Does…

Hello Traders !

I am Sunny and an amateur Forex trader. This is not a coaching or signal service site. I HAVE NOTHING TO SELL. Just sharing my journal in order to track my trades, learn from my mistakes and build a community. I hope my trading journal helps you in someway.